Andy and Ian formed a partnership on April 1, 2019. Andy contributes equipment to the business that originally cost $82,000 and on which accumulated depreciation of $16,000 has been recorded. The current market value of the equipment is $74,000. The value of the equipment recorded in the partnership journal is ________.
A) $66,000
B) $74,000
C) $58,000
D) $82,000
B) $74,000
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________ refers to a court's jurisdiction over the parties to a lawsuit.
What will be an ideal response?
Which of the following would not be suggestive of a company recognizing sales too early?
a. large and volatile amounts of uncollectible accounts receivable b. excessive warranty expenditures c. large growth in accounts receivable d. unusually large amount of returned goods
A(n) ________ occurs when Rhonda Albers trades Max Lynch three hours of babysitting his three-year-old daughter for fixing the hole in her porch roof
A) differential benefit B) promotion C) exchange D) reciprocal loss E) virtual trade
The reduction of individual contributions when people work in groups rather than alone refers to:
a. Social loafing b. Free-riding c. The “sucker effect” d. Social facilitation